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Category > Accounting Posted 24 Sep 2017 My Price 8.00

Karlstad Company

The general ledger of Karlstad Company contained the following Accounts Payable control account (in T-account form). Also shown is the related subsidiary ledger.

GENERAL LEDGER

Accounts Payable

Feb. 15

General journal

1,400

Feb. 1

Balance

26,025

28

?

?

5

General journal

265
     

11

General journal

550
     

28

Purchases

13,900
     

Feb. 28 Balance

  

9,840

 

ACCOUNTS PAYABLE LEDGER

Pryor

Orbison

Feb. 28

Bal. 4,600

Feb. 28

Bal. ?

Gates

    

Feb. 28

Bal. 2,000

    

Instructions

(a) Indicate the missing posting reference and amount in the control account, and the missing ending balance in the subsidiary ledger.

(b) Indicate the amounts in the control account that were dual-posted (i.e., posted to the control account and the subsidiary accounts).

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 10:09 PM My Price 8.00

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